Fairfield Financial Advisors LTD Makes New $10.67 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Fairfield Financial Advisors LTD bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 55,186 shares of the e-commerce giant’s stock, valued at approximately $10,665,000. Amazon.com accounts for about 3.7% of Fairfield Financial Advisors LTD’s portfolio, making the stock its 10th largest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of AMZN. Garrison Point Advisors LLC increased its stake in shares of Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after purchasing an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. lifted its position in Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after purchasing an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC boosted its stake in shares of Amazon.com by 0.7% during the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after purchasing an additional 56 shares during the period. Stordahl Capital Management Inc. lifted its stake in shares of Amazon.com by 2.1% during the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after acquiring an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC grew its holdings in shares of Amazon.com by 1.9% in the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after purchasing an additional 57 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $187.69 on Wednesday. The stock has a market capitalization of $1.95 trillion, a P/E ratio of 52.57, a PEG ratio of 1.38 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $180.63 and its 200 day moving average is $183.30. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 in the last quarter. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMZN. DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Piper Sandler cut their target price on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Maxim Group increased their price target on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Pivotal Research assumed coverage on Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $224.00.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.